The changing dynamics of bauxite and alumina markets have demanded an evolution in the means of pricing them. The alumina market - and the way it is priced - has transitioned over the past 10 years. Fixed-price, long-term contracts, agreed as a percentage of the aluminium price on the London Metal Exchange, have instead transformed into contracts tied to third-party reference prices or indices, in...Read More
Turkish steel producers have continued to book deep-sea scrap for April amid strong demand for their finished steel products, sources said on Tuesday March 6.Imported scrap prices into Turkey have risen further with the recent bookings, sources told Metal Bulletin.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $374.75 per tonne and...Read More
Weaker...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Sub...Read More
Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of steel billet imports into the UAE increased, sources told Metal Bulletin on Tuesday March 6. Demand for locally produced rebar in the UAE was still strong. Domestic rebar The major rebar producers in the UAE rolled over their prices for March and April production las...Read More
LME prices slip as sentiment remains...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. UPS added $2.09 to $107.90 after Stifel Nicolaus upgraded the stock to Buy from Hold.Target eased $1.08 to $74.06 after reporting slightly lower than consensus fourth quarter earnings. EquityClock's Daily Market CommentFollowing is a link:http://www.equityclock.com/2018/03/05/stock-marke...Read More
Aluminium Aluminium continues to consolidate. Indeed, prices have been confined...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and fo...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 6.Base metals prices on the London Metal Exchange were mostly higher the board during morning trading - with the complex beginning to recover from Monday's weakness.Here's how LME prices looked at 11:45 London time:Read our live futures report here. "The rise in zinc stocks on the LME sent jitters t...Read More
SHANGHAI, Mar 6 (SMM) - Production and sales of ferronickel and nickel ore surged to a record high at Indonesian mining and metals company Antam in 2017, according to a report from mineral resources website 10s1.com.Antam produced 21,762 mt of ferronickel (in nickel content) and 1.63 million wmt of nickel ore last year, with record high growth rates of 7.2% and 241%, respective...Read More
SHANGHAI, Mar 6 (SMM) – The 0# common brand zinc traded at 25,300-25,420 yuan/mt at noon, at a smaller discount of 40-20 yuan/mt against the SHFE 1804 contract compared with the previous day. The Shuangyan brand traded at a premium of 40-20 yuan/mt.At noon, 1# zinc traded at 25,270-25,340 yuan/mt.The market is likely to remain firm as sellers hold back after zinc prices fell o...Read More
The base metals are generally under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
SHANGHAI, Mar 6 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightWith the US dollar hovering around the 90 level as the trade war simmers, base metals saw mixed trading. SHFE aluminium inched up, LME copper and tin rose slightly, while both SHFE and LME zinc dropped some 2% due to the jump in inventories.The Sentix investor confidence in...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday March 6.Base metals traded on the Shanghai Futures Exchange were split into two camps during Asian morning trading on Tuesday, with zinc, lead and tin prices weakening, while the rest pushed higher.Zinc prices led the decline on the back of the weakness seen on the London Metal Exc...Read More
SHANGHAI, Mar 6 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightWith the US dollar hovering around the 90 level as the trade war simmers, base metals saw mixed trading. SHFE aluminium inched up, LME copper and tin rose slightly, while both SHFE and LME zinc dropped some 2% due to the jump in inventories.The Sentix investor confidence in...Read More
Prices have retraced 10% from...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
SHANGHAI, Mar 6 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightWith the US dollar hovering around the 90 level as the trade war simmers, base metals saw mixed trading. SHFE aluminium inched up, LME copper and tin rose slightly, while both SHFE and LME zinc dropped some 2% due to the jump in inventories.The Sentix investor confidence in...Read More
SHANGHAI, Mar 6 (SMM) –Copper: We see an upward room in copper prices as downstream consumption continues to recover and sellers are keen to destock. LME copper is expected to trade at $6,890-6,970 mt with SHFE at 52,000-52,700 yuan/mt today.Aluminium: LME aluminium is facing increasing downward pressure but support was seen at the five-day moving average. We expect it to trade at $2,135-2,1...Read More